Other Products: International Real Estate | Mortgages | Currency | Pensions | Home Insurance | Landlords Insurance | Travel Insurance |
Browse By Subject
Money
Property
- Property investment
- Buy to let
- Project Launches
- Property markets
- Property advice
- Auctions
- House prices
- Renovation & DIY
Social
Professional
- Economics
- Transport & Infrastructure
- Land Development
- Legal Issues
- Commercial property
- Industry news
Print
Brazil bouncing back
Friday, June 26, 2009
Source: Catherine Deshayes
Sales in the Brazil property market appear to be bouncing back, following a subdued year, caused by the economic slump, according to one market expert...
Thomas Shapiro, President of GoldenTree InSite Partners, told the Reuters Global Real Estate Summit that Brazil's economy is exceeding all expectations and the Government's measures to boost the Brazil property market is proving successful.
He referred to a recent 104-unit development in Sao Paulo which sold out in just four hours, as an example of the greater demand, not just for property in Sao Paolo, but for the whole of Brazil.
Reflecting on the "substantial" growth being recorded in the Brazilian property sector, Shapiro said that the country was unlikely to experience the same problems as US and Spanish economy and property markets, due to the fact that mortgage debt in Brazil represents just two per cent of gross domestic product.
Source: www.homesoverseas.co.uk/news
Bookmark This Page
Tag, share or bookmark this page:
Recent Related Stories
Subscribe to Newsletters
Please enter your Email address and we will send you more information:
Featured on Lead Galaxy, along with A Place in the Sun, Homes Go Fast, Medhead, Global Property Guide, Unique Living and more...
